Executives in finance saw their compensation rise by nearly 4 percent last year, according to a survey by the Association for Financial Professionals.
On average, salaries throughout the finance profession grew by 3.4 percent in 2012, the survey found; however, on the executive level, average compensation rose 3.8 percent. This was up from 3.3 percent in 2011 and the highest increase seen since 2008. Chief financial officers and treasurers received the greatest compensation gain at 4.3 percent.
"A low interest-rate environment, increased regulations around the world, complex financial technologies and heightened risks are a few of the challenges that treasurers and CFOs face," said Jim Kaitz, AFP's president and CEO. "Their salary increases reflect the level of responsibility that companies place in their treasurers and CFOs."
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